Regulation Correspondent, Europe
Huw's Feed
Mar 10, 2015

FCA to keep close eye on low bond market liquidity

LONDON (Reuters) – Britain’s financial regulator said on Tuesday that low liquidity in bond markets, which could create volatility in times of stress, needed careful monitoring.

But trying to improve liquidity by relaxing strict new capital requirements imposed on banks since the financial crisis was not an option, the regulator said.

Mar 10, 2015

UK watchdog to keep close eye on low bond market liquidity

LONDON (Reuters) – Britain’s financial regulator said on Tuesday that low liquidity in bond markets, which could create volatility in times of stress, needed careful monitoring.

But trying to improve liquidity by relaxing strict new capital requirements imposed on banks since the financial crisis was not an option, the regulator said.

Mar 9, 2015

EU capital markets plan falls short on investor protection – FCA

LONDON (Reuters) – The European Union’s plans to boost market-based financing for its flagging economy risk harming consumers unless there is more emphasis on investor protection, Britain’s top markets regulator said on Monday.

The 28-country bloc wants to create a capital markets union (CMU) that makes it easier for companies to raise funds on stock and bond markets rather than rely mostly on bank lending, as many companies in Europe still do at present.

Mar 9, 2015

EU capital markets plan falls short on investor protection -UK watchdog

LONDON, March 9 (Reuters) – The European Union’s plans to
boost market-based financing for its flagging economy risk
harming consumers unless there is more emphasis on investor
protection, Britain’s top markets regulator said on Monday.

The 28-country bloc wants to create a capital markets union
(CMU) that makes it easier for companies to raise funds on stock
and bond markets rather than rely mostly on bank lending, as
many companies in Europe still do at present.

Mar 5, 2015

EU’s Timmermans says stronger economy will win over Britons

LONDON, March 5 (Reuters) – Stronger economic growth is key
to winning more support for the European Union in Britain, a top
EU official said on Thursday.

Prime Minister David Cameron has promised to renegotiate
Britain’s ties with the 28-member bloc before a membership
referendum by the end of 2017 if his Conservative Party wins a
national election in May.

Mar 5, 2015

FCA warns banks over complex retail products

LONDON (Reuters) – Britain’s financial watchdog has told banks they are failing to meet standards on selling complex investment products and may have to compensate some customers, signalling that enforcement action could be on the cards.

The Financial Conduct Authority (FCA) published a review of structured products which are created by banks and range from alternatives to cash deposits to complex investments linked to multiple financial assets or indices.

Mar 5, 2015

UK watchdog warns banks over complex retail products

LONDON, March 5 (Reuters) – Britain’s financial watchdog has
told banks they are failing to meet standards on selling complex
investment products and may have to compensate some customers,
signalling that enforcement action could be on the cards.

The Financial Conduct Authority (FCA) published a review of
structured products which are created by banks and range from
alternatives to cash deposits to complex investments linked to
multiple financial assets or indices.

Mar 4, 2015

BoE to hold HSBC bosses’ “feet to the fire” in bank’s transformation

LONDON, March 4 (Reuters) – HSBC’s top two bosses
will be held responsible for transforming it into a simpler
institution, Bank of England Deputy Governor Andrew Bailey said
on Wednesday, as Europe’s biggest bank tries to clean up after a
Swiss tax scandal.

HSBC has admitted failings in compliance and controls in its
Swiss private bank after media reports said it helped wealthy
customers conceal millions of dollars of assets in a period up
to 2007. It adds to a long list of banking scandals that have
emerged since the financial crisis, including several at HSBC.

Mar 4, 2015

Global regulators publish revised proposals to supervise top funds

LONDON (Reuters) – Global regulators published revised proposals on Wednesday for supervising the world’s biggest mutual funds following fierce industry pushback in the United States and elsewhere.

The Group of 20 economies’ (G20) regulatory task force, the Financial Stability Board (FSB), said the industry had called for a more detailed analysis of systemic risks for determining which institutions should come under the new rules.

Mar 4, 2015

Revised EU banker bonus rules turns up heat on Britain

LONDON (Reuters) – Britain could face legal action if it fails to implement the European Union’s new rules on capping banker bonuses as set out in new draft guidelines published on Wednesday.

The European Banking Authority (EBA), the bloc’s watchdog, published revisions on Wednesday to its existing guidelines which were overtaken by the EU law on capping banker bonuses.

    • About Huw

      "Huw is based in London and covers European regulatory issues and global rulemaking bodies such as the G20, Financial Stability Board, IOSCO, IASB and the Basel Committee. He has covered EU regulation in Brussels, the emergence pan-European stock markets, and has also been a Wall Street reporter in New York."
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